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Oct 6, 2012
10/12
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
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Oct 14, 2012
10/12
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FOXNEWS
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10 years. >> there are not enough rich people and small businesses to tax to pay for the pending. next time you hear them say don't worry about. we'll get the wealthy people to pay their fair share watch out, the tax bill is coming to you. >> with us is dan, and collumist bill, and jason riley and washington columist kim strassel. >> he was doing what he was asked to do which is to energize the base. after the debate performance by obama. democrats were worried. but less so after the vice-presidential debate. that was joe biden's concern. >> how did he do that? >> he did that mentioning things that the democrats want the president. the fren percent . autobailout and he served up a lot of red meat. >> what about paul ryan. how did he hold up under the onslaught. >> paul ryan's job was to go in well dollar. everyone knew what was coming. joe biden lambasting him and his job was to go out and meet and refute and call them out on i and generally not put in big errors that dominant the discussion and check the romney campaign and he did do that. >> one of the features of the debate was
10 years. >> there are not enough rich people and small businesses to tax to pay for the pending. next time you hear them say don't worry about. we'll get the wealthy people to pay their fair share watch out, the tax bill is coming to you. >> with us is dan, and collumist bill, and jason riley and washington columist kim strassel. >> he was doing what he was asked to do which is to energize the base. after the debate performance by obama. democrats were worried. but less so...
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Oct 13, 2012
10/12
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FOXNEWSW
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jerry brown tax cut which was a flat tax rate on everyone. no progressivity and replacing all federal taxes with two flat rate taxes it was not revenue neutral and it had a little bit of positive revenue. i supported that all of the way because of the tremendous boon bye getting rid of the income tax and i think it would have been wonderful. we need to compromise on all of the issues but not until we have a good position. i don't want to compromise before we start the discussion. i think -- >> wait until the election. >> and then sit down with your people. you don't give away your fail back position before you start. >> we'll see. thank you very much. >>> and how the rest of the world, thank you. and how the rest of the world is viewing us and this and the back and forth and dismissing all of not that they are q. in great shape themselves. but we are hardly looking like fiscal jack lalanes. can what is happens over there happen over here? don't laugh and don't dismiss or go away. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked up
jerry brown tax cut which was a flat tax rate on everyone. no progressivity and replacing all federal taxes with two flat rate taxes it was not revenue neutral and it had a little bit of positive revenue. i supported that all of the way because of the tremendous boon bye getting rid of the income tax and i think it would have been wonderful. we need to compromise on all of the issues but not until we have a good position. i don't want to compromise before we start the discussion. i think --...
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Oct 13, 2012
10/12
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FOXNEWS
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a trillion dollar tax cut for the very wealthy. i was there, i voted against them. i said, no, we can't afford that. now all of a sudden these guys are so concerned about the debt that they created. >> congressman? >> joe and i are from similar towns. he's from strain ton, pennsylvania and i'm from janesville, wisconsin. dewpoint hot unemployment rate was in strain ton today? >> sure do. >> do you know what it was when you came. >> did biden turn the tables and put the focus more on romney's agenda? >> paul ryan didn't get much of a chance to put the onus on biden for anything. look, i think he it go out there. he tried to the extent that he could while he was dodging the kitchen sinks that were coming at him to put some information out there, continue to further the romney agenda, the sort of positive vision for the economy you but he didn't get a big chance. that's something mitt romney is going to have to be aware of and get ready for as he moves into this debate with owe -- obama. obama won't go on the stage and make the style mistakes joe biden did. >> the answ
a trillion dollar tax cut for the very wealthy. i was there, i voted against them. i said, no, we can't afford that. now all of a sudden these guys are so concerned about the debt that they created. >> congressman? >> joe and i are from similar towns. he's from strain ton, pennsylvania and i'm from janesville, wisconsin. dewpoint hot unemployment rate was in strain ton today? >> sure do. >> do you know what it was when you came. >> did biden turn the tables and put...
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Oct 7, 2012
10/12
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FOXNEWS
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he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how you reduce deductions and exemptions, a $25,000 $50,000 limit that any one individual could use. that was specific offered by marty felled stein of harvard as a way to make tax reform work. >> and both of them embraced the simpson-bowles commission and the simpson-bowles commission put out three different tax rates and each rate you will have to do something with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point
he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how...
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Oct 8, 2012
10/12
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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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Oct 10, 2012
10/12
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CNN
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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Oct 12, 2012
10/12
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lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that means successful. >> no specifics, again. >> what we're saying lower tax rates 20%. start with the wealthy. work with congress. >> you guarantee this math will add up? >> absolutely. six studies have verified this math adds up. >> vice president biden?
lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that...
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Oct 7, 2012
10/12
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KPIX
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he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the pr
he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic....
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Oct 12, 2012
10/12
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KGO
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this one tax would actually tax about 53% of small business income. it's expected to cost us 710,000
this one tax would actually tax about 53% of small business income. it's expected to cost us 710,000
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Oct 7, 2012
10/12
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KTVU
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the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? senator, i doubt seriously you would be in favor of doing away or cutting the home mortgage deduction, for middle class americans. i mean, governor romney has not said what the secret plan is for
the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our...
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Oct 13, 2012
10/12
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FOXNEWS
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you have the obama tax plan which obama plans to raise taxes on -- >> angela, what are you talking about? >> let's get to the facts. >> let's not jump to that because that could be a whole separate segment on that. so your feeling is -- angela, your feeling. >> what i wanted to answer is this, jamie, that she said that the vice president talked about the facts. and the bottom line is this. he didn't. he had a different type of reality. and instead of laughing and smiling, he should explain to the american people why he threw the intelligence community under the bus. but then when it came to iran. >> christie. >> ladies, please. ladies, please. the people at home want to hear what each of you have to say. christie, last remark, please, and please address the situation of what the vice president said concerning requests for security when those hearings were held in the very same week, and we all got the information. did he or did he not know that there were requests, including from the ambassador, for additional security? >> he was speaking on behalf of the white house. and the fact is tha
you have the obama tax plan which obama plans to raise taxes on -- >> angela, what are you talking about? >> let's get to the facts. >> let's not jump to that because that could be a whole separate segment on that. so your feeling is -- angela, your feeling. >> what i wanted to answer is this, jamie, that she said that the vice president talked about the facts. and the bottom line is this. he didn't. he had a different type of reality. and instead of laughing and...
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Oct 12, 2012
10/12
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we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough loopholes, they are counting on economic growth on being part of making up that difference. will it? >> you can't say for sure because good tax policy does t matter. t not the only thing going on out there and you would have to have a displn palestinianed, economic policy. we have a serious threat to the economy from existed and projected debt. it is different from the era of reagan in that debt is not being driven by annual decisions made by congress, which are easy to change. if you want to have a successful road package, you can't just -- you have to pair it with entitlement reform. one more thing. l
we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough...
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Oct 12, 2012
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to end bush era tax cuts for the wnly. >> this one tax would tax about 53% of small business income. it's expected to cost us 710,000 jobs. >> let me tell you who other small businesses are. hedge funds. making $600 million a year. that is what they count as a small business. >> fact check? joe biden is right. it does include hedge funds, ryan's claim it would cost 710,000 jobs is based on a report commission bid pro business groups which leans republican. their study assumes increased revenue would be used to finance higher government spending. interest is no analysis of what would happen if those moneys were used to pay down the get det wh. ryan accused the obama administration of refusing to protect diplomats in libya, joe lied biden brought up the republican budget. >> the lecture on embassy security. the congressman cut embassy security in his budget by $300 million below what we asked for. number one. >> house democratic leader nancy pelosi piled on. >> they had no legitimate authority or credibility to talk about funding security when they voted to cut $1.2 billion from the bu
to end bush era tax cuts for the wnly. >> this one tax would tax about 53% of small business income. it's expected to cost us 710,000 jobs. >> let me tell you who other small businesses are. hedge funds. making $600 million a year. that is what they count as a small business. >> fact check? joe biden is right. it does include hedge funds, ryan's claim it would cost 710,000 jobs is based on a report commission bid pro business groups which leans republican. their study assumes...
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Oct 12, 2012
10/12
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of the 21 tax increases in obama care, 12 of them hit the middle class. or remember when he said health insurance premiums will go down $2,500 per family per year. they have gone up 3,000.
of the 21 tax increases in obama care, 12 of them hit the middle class. or remember when he said health insurance premiums will go down $2,500 per family per year. they have gone up 3,000.
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Oct 13, 2012
10/12
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is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he drank so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all. >> i think staying hydrated is really important. yeah, i think that joe biden has been in politics forever. he's very comfortable in a debate setting. paul ryan is a younger guy and i think he did a really great job holding his own in a debate that was predominantly foreign policy which has been joe biden's kind of wheelhouse during his entire long career in politics. you know, for me, for paul ryan to hold his own in that kind of environment, even if he's got to drink a lot of water to kind of keep cool and just stay level-headed, i think he did a good job. i'm proud that paul r
is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he drank so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all....
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Oct 13, 2012
10/12
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you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars. i do
you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same...
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Oct 11, 2012
10/12
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WETA
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the vice-presidential candidates will slug it out on the economy, medicare and taxes. they may be number two on the ticket, but these men hope they can make this another crucial turning point in an election that is now almost a dead heat. darren gersh reports. >> reporter: vice-presidential debates are often more entertaining than important, but not this time. joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nationally but in the battleground states. so, i think there is a lot of expectation on both sides for what this debate possible could do. >> reporter: if you thought the first presidential debate was bogged down in statistics and policy details, you'll have more fun tonight. debate veterans are expecting fireworks. jeff nesbit was press secretary for former vice-president dan quayle. >> while both of them can go deep on wonky politics
the vice-presidential candidates will slug it out on the economy, medicare and taxes. they may be number two on the ticket, but these men hope they can make this another crucial turning point in an election that is now almost a dead heat. darren gersh reports. >> reporter: vice-presidential debates are often more entertaining than important, but not this time. joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch...
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Oct 12, 2012
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taxes will have to be raised on the middle class if they succeed in their tax cut. folks, it's time to lift the burden off the middle class, not double-down on the great recession that hit them. >> that's the vice president at his first campaign event since last night's debate. there was another, let's just say intense debate going on last night but it waend biden/ryan. it was a bitter congressional race in california and it took a bizarre turn when both candidates nearly got into a fi physical fight right in front of the voters. let's take a look at this. >> that by the way with howard berman and brad sherman, two democrats in that new california system. they're running against each other in the general election for one seat in a merged district. >> crazy. >> another example of why americans are increasingly frustrated by the way our political system works or didn't work in some cases. our next guest says there's a silver lining, though, we just have to look back a century or so to find. he's the author of "the 100 greatest americans of the 0th century," a social j
taxes will have to be raised on the middle class if they succeed in their tax cut. folks, it's time to lift the burden off the middle class, not double-down on the great recession that hit them. >> that's the vice president at his first campaign event since last night's debate. there was another, let's just say intense debate going on last night but it waend biden/ryan. it was a bitter congressional race in california and it took a bizarre turn when both candidates nearly got into a fi...